Upbound Group (UPBD) Scheduled to Post Quarterly Earnings on Thursday

Upbound Group (NASDAQ:UPBD - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Upbound Group has set its FY 2024 guidance at 3.650-4.000 EPS.Parties that wish to listen to the company's conference call can do so using this link.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $1.11 EPS. Upbound Group's revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts expect Upbound Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Upbound Group Stock Performance

Shares of NASDAQ:UPBD traded down $0.53 on Thursday, reaching $27.09. The company's stock had a trading volume of 372,563 shares, compared to its average volume of 451,569. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.96 and a quick ratio of 0.84. Upbound Group has a 52-week low of $25.00 and a 52-week high of $38.72. The stock's 50-day moving average is $30.84 and its two-hundred day moving average is $31.65. The stock has a market capitalization of $1.48 billion, a P/E ratio of 27.82 and a beta of 2.00.

Upbound Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a yield of 5.46%. Upbound Group's payout ratio is 151.02%.

Wall Street Analyst Weigh In

UPBD has been the subject of several recent research reports. Loop Capital reaffirmed a "hold" rating and set a $36.00 price target on shares of Upbound Group in a report on Friday, September 13th. Jefferies Financial Group reduced their target price on shares of Upbound Group from $37.00 to $35.00 and set a "hold" rating for the company in a research note on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Upbound Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.00.

Insiders Place Their Bets

In other Upbound Group news, EVP Transient C. Taylor sold 15,127 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $514,318.00. Following the sale, the executive vice president now directly owns 14,651 shares in the company, valued at approximately $498,134. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Upbound Group news, EVP Ralph T. Montrone sold 15,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.48, for a total value of $487,200.00. Following the completion of the transaction, the executive vice president now directly owns 40,074 shares of the company's stock, valued at approximately $1,301,603.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $514,318.00. Following the sale, the executive vice president now owns 14,651 shares of the company's stock, valued at approximately $498,134. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.